Financial Professionals Agree that the Demise of Canada Savings Bond is Appropriate

By : Knowledge Bureau Staff Posted in: Strategic Thinking, Tax Planning, Financial Literacy, Financial Advisor, investments, knowledge bureau, Canada Revenue Agency, poll results, TFSA, Evelyn Jacks, federal budget, tax courses, retirement savings, tax changes, financial education, Knowledge Bureau poll, financial courses, poll, october poll, november poll, tax-free savings, taxation
Our October Poll delivered surprising results regarding the demise of The Canada Savings Bond. Most financial professionals polled agreed, indicating that TFSAs are a better alternative. However, it’s clear that some Canadians attribute nostalgic value to CSBs.

Life Purpose - Success

By : Knowledge Bureau Staff Posted in: Strategic Thinking
“You cannot climb the ladder of success dressed in the costume of failure.” —Zig Ziglar

Keeping Businesses in the Family Through Financial Planning

By : Knowledge Bureau Staff Posted in: Strategic Thinking, knowledge bureau, succession planning, Evelyn Jacks, Small Business, ce credits, tax course, tax preparation for proprietorships, income splitting, financial education, CE summits, business development, intergenerational issues, income sprinkling, family businesses, business builders, small business taxation, business succession, lifetime capital gains exemption, family debt management, year-end planning, tax workshops, Advising Family Businesses
Statistics show that only 30 per cent of businesses are transitioned to the next generation. However, we’re entering a time when family businesses are going to play a much more integral role in economic growth and development. Why is this, and what does that mean for advisors and tax professionals?

Outstanding Canadian Performers to Headline at DAC

By : Knowledge Bureau Staff Posted in: Strategic Thinking, DAC, knowledge bureau, Evelyn Jacks, distinguished advisor conference, ce credits, Kelowna, financial conferences, Aisha Alfa, Canadian performers, Canadian conferences, Kim Pollard, Dan Innes
Delegates attending the Distinguished Advisor Conference in Kelowna from November 5-8 will be treated with the opportunity to hear 18 illustrious speakers, including two cutting-edge digital innovation experts, renowned tax experts and leading insurance and investment specialists. They will also be treated to performances by three incredible Canadian entertainers at the DAC150 Gala.

Fall Economic Statement: Low Earners Benefit from Strong Economy

By: Walter Harder Posted in: Strategic Thinking, taxation, knowledge bureau, Evelyn Jacks, Small Business, tax courses, tax changes, financial education, tax reform, entrepreneur, Liberal government, Fall Economic Statement, Finance Department, Canada Child Benefit, Working Income Tax Benefit, 2018 Federal Budget, Moreneau
On October 24, 2017, Finance Canada issued the Fall Economic Statement, which forecasts better-than-expected economic growth, at least in the shorter term.  The resulting increase in tax revenues have blessed the department with new funds for spending priorities; notably to help families with children and the working poor.

Disability Tax Credits Change Highlights Audit-Proofing

By: Evelyn Jacks Posted in: Strategic Thinking, Financial Literacy, tax credits, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, tax courses, tax education, tax preparers, tax planners, Disability Tax Credits, audit-proofing, life sustaining therapy credit, diabetes, Revenue Minister
Audit-proofing strategies must be implemented by tax professionals and their diabetic clients receiving disability tax credits in light of the CRA’s new interpretation of the rules.